What does Vanaz Engineers Limited do?

Vanaz Engineers Limited is a Pune-based engineering manufacturer established in 1949. The company specialises in gas control equipment including LPG and CNG pressure regulators, valves, and fittings, as well as auto components. It serves industrial clients, gas distribution companies, and automotive OEMs primarily across India.

How old is Vanaz Engineers Limited?

Vanaz Engineers was incorporated in 1949, making it over 75 years old as of 2025. It is one of the older engineering companies in Pune's industrial history.

Where is Vanaz Engineers headquartered?

The company is headquartered on Paud Road, Pune, Maharashtra, within Pune's established industrial and manufacturing belt.

Is Vanaz Engineers listed on any stock exchange?

No, Vanaz Engineers Limited is an unlisted public company. Its shares are not traded on NSE or BSE and are only available via the unlisted/pre-IPO market.

What is the share price of Vanaz Engineers?

Vanaz Engineers shares are traded in the unlisted market at approximately ₹3,000 per share, though this price is indicative and can vary between dealers.

How do I buy Vanaz Engineers unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Vanaz Engineers?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Vanaz Engineers shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Vanaz Engineers Unlisted Share Price | Buy Vanaz Engineers Pre-IPO Shares — wisefolio

Investment Thesis

Heritage Pune engineering company (est. 1948) with 76 years of manufacturing excellence across gas cylinder valves, CNG/LPG kits, auto components, copper/aluminium forgings and fog-generating machines. Pioneer in India's first indigenous CNG auto-rickshaw kit (2000) and aluminium alloy forgings. Revenue ₹372 Cr FY2025 with consistent 15–18% growth. DST-recognised R&D department. ~286 employees. Khandekar family founded; promoter holding 27.94%. Unlisted. Strong diversified engineering franchise with meaningful scale and innovation credentials.

Pros

Revenue ₹372 Cr FY2025 (+15% YoY) — substantial and growing; ~17.81% revenue growth FY2024
76-year heritage engineering company (est. 1948/1949, Pune) — deep manufacturing expertise
Diversified product portfolio: gas valves, CNG kits, auto components, forgings, fog machines
R&D department recognised by Dept. of Science & Technology — innovation-focused
ISO 9001 certified; first indigenous CNG kit for auto rickshaws (VRDE/ARAI approved, 2000)
~286 employees — meaningful manufacturing workforce

Cons

Unlisted — no exchange price discovery
Promoter holding only 27.94% — low promoter stake (public holds 72.06%)
PAT not publicly disclosed

Business Segments

Gas cylinder valves and pressure regulators — LPG, oxygen, CO₂, chlorine, industrial gases

CNG/LPG conversion kits — 3-wheelers and 4-wheelers (first indigenous CNG kit for auto rickshaws, 2000)

Auto components — synchroniser rings (import substitute), forged components, die-cast parts

Copper and aluminium forgings — heat-treated; pioneer in aluminium alloy forgings in India

Vanfog fog-generating machines — pest control, fumigation, agriculture

Revenue Model

Vanaz Engineers generates revenue through B2B sales of gas equipment (regulators, valves, fittings) to gas distribution companies and industrial users, and auto components to OEMs. The business is capital-goods oriented with repeat institutional customers.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

India's city gas distribution expansion targeting 400+ geographical areas could significantly increase demand for gas control equipment

Growth in CNG vehicle adoption in India drives demand for CNG-compatible auto components and regulators

Industry Tailwinds

India's city gas distribution expansion targeting 400+ geographical areas could significantly increase demand for gas control equipment

Recent Developments

FY2025: Revenue ₹372 Cr (+15% YoY); FY2024 net worth +22.25%; profit +19.2%

Last AGM September 28, 2024; FY2024 balance sheet filed

~286 employees; DST-recognised R&D; fully operational at Paud Road, Pune

Comparable Companies

CompanyTypeTickerMkt Cap

Gujarat Gas LimitedPE: ~35xxListedGUJGAS~35,000 Cr

Confidence Petroleum India LimitedPE: ~20xxListedCONFIPET~700 Cr

Gujarat Gas LimitedListed

GUJGAS · ~35,000 Cr

PE: ~35xx

Confidence Petroleum India LimitedListed

Frequently Asked Questions

About Vanaz Engineers

Vanaz Engineers Limited is one of India's oldest and most established engineering companies, incorporated on 17 January 1949 under CIN U29299PN1949PLC006866. Headquartered at 85/1 Paud Road, Pune — 411038, the company has over 75 years of manufacturing heritage in precision engineering. Vanaz Engineers is a specialist manufacturer of gas control equipment, pressure management systems, and auto components. The company's product portfolio includes forging products, pressure reducing systems and gas trains, vanfog systems, cylinder valves, CNG and LPG kits for vehicle conversion, auto components, die casting products, and pressure and flow control devices. The CNG and LPG kit segment is particularly strategic. Vanaz Engineers manufactures conversion kits that enable vehicles to run on compressed natural gas (CNG) or liquefied petroleum gas (LPG) as alternative fuels. As India pushes aggressively for cleaner fuels under its National CNG Policy, this segment has strong structural tailwinds. India's CNG vehicle fleet has grown significantly over the past decade, driven by government mandates and the economics of CNG versus petrol and diesel. Financially, Vanaz Engineers has demonstrated strong performance. Revenue for the financial year ended March 31, 2025 was approximately ₹372 Crore, reflecting a 1-year CAGR of 15%. EBITDA also grew 13.66% year-on-year, indicating improving operating leverage. Book networth increased by 22.25%, confirming profitability and value accretion to shareholders. The company has an authorized share capital of ₹4 Crore and paid-up capital of approximately ₹2.09 Crore. The relatively small capital base relative to ₹372 Crore revenue indicates high asset turnover and capital efficiency. The Board comprises four directors including Milind Sambhaji Khandekar and Nitin Vyankatesh Kulkarni. The last AGM was held on 28 September 2024, confirming active governance. Pune's engineering cluster provides Vanaz with access to skilled engineering talent, supply chain partners, and proximity to major automotive OEMs. India's push for clean mobility under the National Hydrogen Mission and CNG expansion creates a sustained demand environment for Vanaz's core product categories.

Key Milestones

Common questions about unlisted shares

How do I buy Vanaz Engineers unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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